Mutual Fund Asset Growth Slows in April

May 30, 2006 (PLANSPONSOR.com) - The combined assets
of US mutual funds increased by $123.9 billion, or 1.3%, to
$9.486 trillion in April, according to data from the
Investment Company Institute (ICI).

Long-term funds – stock, bond, and hybrid funds
-had a net inflow of $27.88 billion in April versus a net
inflow of $40.24 billion in March, according to the ICI
data.

Stock funds posted an inflow of $26.38 billion in
April, compared with an inflow of $34.36 billion in
March. Among stock funds, US funds that invest primarily
overseas posted an inflow of $18.35 billion in April,
while funds that invest primarily in the US had an inflow
of $8.03 billion.

Bond funds had an inflow of $1.09 billion in April,
compared with an inflow of $5.26 billion in March.
Taxable bond funds had an inflow of $1.34 billion in
April, and Municipal bond funds had an outflow of $249
million in April, compared with an inflow of $1.24
billion in March.

Money market funds had an outflow of $27.13 billion
in April, compared with an outflow of $8.29 billion in
March. Funds offered primarily to institutions had an
outflow of $21.52 billion, while funds offered primarily
to individuals had an outflow of $5.61 billion.

Hybrid funds posted an inflow of $404 million in
April, compared with an inflow of $620 million in
March.